Bitcoin rising to 600$ , pure manipulation ? - page 3.

Omegasun

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Quote from: BitHodler on September 27, 2016, 04:53:37 AM

Quote from: DuckKeeper on September 27, 2016, 04:07:21 AM

I dont think it is pure manipulation because i know for sure that the price is rising to the 600 because we can al see it and if you dont see it you need to do something about it.

What you say doesn't make any sense...

You say that the price isn't being manipulated because you know that the price is increasing, and that all other people also see that it is increasing.

But what's your logic behind that? I don't see you explaining why you don't think the price is manipulated upwards.

hahaha. he just based on the graph of the price increased of bitcoin and that makes him believe that price of bitcoin is not manipulated.
AFAIK, price of bitcoin can be manipulated if some whales holds a huge of volume btc.And buy bitcoins for short period of time considering that there is no user will going to dump the price.
Because it's price is based on the volume that being staked on market.

BitHodler

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Quote from: DuckKeeper on September 27, 2016, 04:07:21 AM

I dont think it is pure manipulation because i know for sure that the price is rising to the 600 because we can al see it and if you dont see it you need to do something about it.

What you say doesn't make any sense...

You say that the price isn't being manipulated because you know that the price is increasing, and that all other people also see that it is increasing.

But what's your logic behind that? I don't see you explaining why you don't think the price is manipulated upwards.

DuckKeeper

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I dont think it is pure manipulation because i know for sure that the price is rising to the 600 because we can al see it and if you dont see it you need to do something about it.

uki

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Quote from: fatima zuhra on September 27, 2016, 12:36:59 AM

i do not think so that in present time when the price of bitcoin is trading above 600$ is purely manipulating, i think it is the original price of bitcoin and i think still is trading in a low price, its price must be trading above 700$ in next few days.

What makes you think so?
Bitcoin price is exclusively driven by manipulation, just take a look at the charts so far.
There is nothing like original price. It is just a temporary equilibrium between pumps and dumps. There is too much speculation and still too little in terms of adoption to make the price more stable.

fatima zuhra

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i do not think so that in present time when the price of bitcoin is trading above 600$ is purely manipulating, i think it is the original price of bitcoin and i think still is trading in a low price, its price must be trading above 700$ in next few days.

CryptoBjorn

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Quote from: Newcoins2020 on September 26, 2016, 02:46:12 PM

The price rise since november last years was one big manipulation game. This is as clear as can be. Question is when will they stop. Is the current price enough and will they endure a downwars trend to 500 dollar or are they planning a new boost this year?

You are right its the question what will happen and I think it will got a to lower amount very soon but nothing is sure right now so that is the downside.
I think the bitcoin got a very good future a head but we will see what is gonna happen with it.

uki

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Quote from: lumeire on September 26, 2016, 12:29:22 PM

Were back to ~$600ish, after a stint at $590. Honestly, I think this level is the new baseline, and would be such until a huge news breaks out again - which hopefully is not a hack of a large exchange again.

Probably, we will stay flat for a longer while. At the moment, there is nothing in fundamentally to move the charts either up or down significantly. Just the regular 10% fluctuation, typical for Bitcoin in the horizontal trend. A bit more of the boring stories, yet once again. Next break? I don't see the direction at the moment, let's see what plays out.

Newcoins2020

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The price rise since november last years was one big manipulation game. This is as clear as can be. Question is when will they stop. Is the current price enough and will they endure a downwars trend to 500 dollar or are they planning a new boost this year?

crairezx20

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Quote from: Malsetid on September 26, 2016, 07:53:49 AM

Quote from: Catmony on September 26, 2016, 05:52:51 AM

I don't think we have to say the recent price pump as manipulation. Price was down for several days after that bitfinex got hacked so people hurriedly bought cheap bitcoins so that price is now near $600. Price swing (pump or dump) of around $25 is possible and quite normal within one day.

price still fluctuating and most of us really happy seeing that it is moving up again after halving and bitfinex issue the price went down and keeps surviving to 600$ we just needed to keep on eye with the flow and make good position to have some earninings if this will be cause by some manipulation it still good profits.

Well for me its a normal that we are are seeing that the price will crash from bitfinex scandal its just like last year that there is other exchange also hack and affects the value of bitcoins.. but now we are seeing good thing that the price of bitcoin is increase high compare last year..

lumeire

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Were back to ~$600ish, after a stint at $590. Honestly, I think this level is the new baseline, and would be such until a huge news breaks out again - which hopefully is not a hack of a large exchange again.

Malsetid

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Quote from: Catmony on September 26, 2016, 05:52:51 AM

I don't think we have to say the recent price pump as manipulation. Price was down for several days after that bitfinex got hacked so people hurriedly bought cheap bitcoins so that price is now near $600. Price swing (pump or dump) of around $25 is possible and quite normal within one day.

price still fluctuating and most of us really happy seeing that it is moving up again after halving and bitfinex issue the price went down and keeps surviving to 600$ we just needed to keep on eye with the flow and make good position to have some earninings if this will be cause by some manipulation it still good profits.

randy8777

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Quote from: Catmony on September 26, 2016, 05:52:51 AM

I don't think we have to say the recent price pump as manipulation. Price was down for several days after that bitfinex got hacked so people hurriedly bought cheap bitcoins so that price is now near $600. Price swing (pump or dump) of around $25 is possible and quite normal within one day.

people like to have a fantasy about why and what causes the price to go up. in most cases when the price goes up a few bucks, people stay relatively calm, but when the price goes down a few bucks, then people seem to panic and start asking what happened and stuff.

Catmony

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I don't think we have to say the recent price pump as manipulation. Price was down for several days after that bitfinex got hacked so people hurriedly bought cheap bitcoins so that price is now near $600. Price swing (pump or dump) of around $25 is possible and quite normal within one day.

harizen

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Quote from: uki on September 26, 2016, 04:56:16 AM

Yep, we agree that No matter which TA tool you use, or even if you don't use any, the volatility is the biggest challenge for any Bitcoin trader. And some weak hands are not able to deal with that.

In the first place, those trading chart tools or indicators are used only as reference purposes to make a good output of what will be their next trading move.

After analyzing all factors around the current trend based on their references, then expect a trading moves execution later on.

uki

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Quote from: Denker on September 25, 2016, 03:55:36 AM

Quote from: uki on September 25, 2016, 03:42:47 AM

Quote from: InvoKing on September 24, 2016, 06:57:49 PM

Quote from: uki on September 24, 2016, 02:13:59 PM

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

True but passing from a level to another one could lead to a massive buy or sell... In this case price dropping to less than $600 could make people just sell to prevent losses before buying again when it is low...
Well it is much complicated than that

Sure, we can see a panic starting when we move towards one of the bands of the channel we currently sit in. I guess that is also the natural reaction of weak hands, not used to Bitcoin volatility. But, as I said, fundamentally we do not have any important reasons to support either up or down direction.

Not everyone is using bollinger bands as an indicator.I guess this is what you are talking about.
There are several other methods of how to read and predict a future chart movement.
In the end it is always the same. Price breaks certain support level, fear kicks in and people start to sell, depending on their strategy.
Or price breaks certain resistence, FOMO kicks in and people start to buy.

Yep, we agree that No matter which TA tool you use, or even if you don't use any, the volatility is the biggest challenge for any Bitcoin trader. And some weak hands are not able to deal with that.

Denker

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Quote from: uki on September 25, 2016, 03:42:47 AM

Quote from: InvoKing on September 24, 2016, 06:57:49 PM

Quote from: uki on September 24, 2016, 02:13:59 PM

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

True but passing from a level to another one could lead to a massive buy or sell... In this case price dropping to less than $600 could make people just sell to prevent losses before buying again when it is low...
Well it is much complicated than that

Sure, we can see a panic starting when we move towards one of the bands of the channel we currently sit in. I guess that is also the natural reaction of weak hands, not used to Bitcoin volatility. But, as I said, fundamentally we do not have any important reasons to support either up or down direction.

Not everyone is using bollinger bands as an indicator.I guess this is what you are talking about.
There are several other methods of how to read and predict a future chart movement.
In the end it is always the same. Price breaks certain support level, fear kicks in and people start to sell, depending on their strategy.
Or price breaks certain resistence, FOMO kicks in and people start to buy.

uki

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Quote from: InvoKing on September 24, 2016, 06:57:49 PM

Quote from: uki on September 24, 2016, 02:13:59 PM

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

True but passing from a level to another one could lead to a massive buy or sell... In this case price dropping to less than $600 could make people just sell to prevent losses before buying again when it is low...
Well it is much complicated than that

Sure, we can see a panic starting when we move towards one of the bands of the channel we currently sit in. I guess that is also the natural reaction of weak hands, not used to Bitcoin volatility. But, as I said, fundamentally we do not have any important reasons to support either up or down direction.

InvoKing

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Quote from: uki on September 24, 2016, 02:13:59 PM

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

True but passing from a level to another one could lead to a massive buy or sell... In this case price dropping to less than $600 could make people just sell to prevent losses before buying again when it is low...
Well it is much complicated than that

uki

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Quote from: InvoKing on September 24, 2016, 12:42:45 PM

Quote from: MaritiJames3 on September 24, 2016, 12:37:01 PM

There is a lot less fluctuation at the moment so it seems to me that the price is getting some stability at last. Altough with bitcoin you never know for use, it may well get a major crash or major spike of a sudden event. So yes you are never certain.

less fluctuation? the opposite already happened and the price were few dollars under 600 USD when i last time checked it yesterday, returning to + 600 USD today was a good news, was afraid to see it crushing...

We are not having any reason to move significantly in any direction at the moment. Therefore, we should sit where we are at the moment. In case of Bitcoin that means jumping up and down about 10% without any significant reason, just as a normal behaviour of a very volatile asset. I wouldn't make any big theories to explain that, nor call it a crash or the next bull.

InvoKing

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Quote from: MaritiJames3 on September 24, 2016, 12:37:01 PM

There is a lot less fluctuation at the moment so it seems to me that the price is getting some stability at last. Altough with bitcoin you never know for use, it may well get a major crash or major spike of a sudden event. So yes you are never certain.

less fluctuation? the opposite already happened and the price were few dollars under 600 USD when i last time checked it yesterday, returning to + 600 USD today was a good news, was afraid to see it crushing...

Topic: Bitcoin rising to 600$ , pure manipulation ? - page 3. (Read 7982 times)